3rd Apr 2006 07:01
ISIS Resources PLC03 April 2006 ISIS RESOURCES PLC SUSPENSION OF SHARES AND POTENTIAL ACQUISITION The Directors of Isis Resources plc (the "Company") note that the ordinaryshares of the Company have today been suspended from trading on AIM inaccordance with the Guidance Note to Rule 8 of the AIM Rules. The Directors further announce that they are in discussions in relation to theacquisition of a drug discovery company which is focused on the discovery anddevelopment of new therapeutic drugs for the treatment of rhinitis and otherchronic respiratory and inflammatory diseases (the "Acquisition"). The Acquisition would be classified as a reverse takeover under the AIM Rulesand, as such, would be subject to the approval of shareholders. In conjunctionwith the Acquisition, it is intended that the Company will undertake a placingof ordinary shares through Westhouse Securities LLP. The Directors expect that an AIM admission document in connection with theAcquisition will be published within two months, at which point the ordinaryshares of the Company would recommence trading on AIM. A further announcement will be made in due course. Isis Resources plcStuart Bottomley 0777 444 4134 Westhouse Securities LLPTim Feather 0161 838 9140Richard Morrison 020 7601 6100 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
VRP.L